Envelope-to: info@sterlingcal.com
Delivery-date: Thu, 04 Aug 2022 13:07:13 -0500
Message-ID: <1139119805912.1109032175899.1577520235.0.721405JL.2002@scheduler.constantcontact.com>
Date: Thu, 4 Aug 2022 14:06:49 -0400 (EDT)
From: Maher Commercial Realty <oron@mahercr.com>
Reply-To: oron@mahercr.com
To: info@sterlingcal.com
Subject: FOR SALE: Venice Beach Triplex with Major Value-Add Potential
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 1712 Washington Way | Venice | CA 90291 Prime Venice Beach Triplex with Po=
tential Opportunity to Convert =EF=BB=BFStorage Room and Garage to Two ADU'=
s. Building Size 1,610 Sq. Ft. List Price $2,325,000 Lot Size 6,204 Zoning =
RD1.5 Parking 1.5-Car Garage 2-Car Garage Occupancy 100% PROPERTY DESCRIPTI=
ON Just a short stroll to the beach, Abbot Kinney and the Venice Canals, 17=
12 Washington Way is a three-unit bungalow, plus a +/- 770 SF recreation sp=
ace and two garage units. The triplex is fully leased as is the back "room"=
 offering the buyer a strong 3.5% existing cap rate, with upside in those r=
ents. This property also offers an opportunity to convert this triplex into=
 a five-unit building, adding an additional +/- 1,400 square feet. There ar=
e currently two structures on this property- The first is 1712 Washington W=
ay is a three-unit bungalow; the second "back structure" is a +/- 770 SF ro=
om (with a permitted bathroom) and two garage units totaling +/- 1,400 squa=
re feet.  PROPERTY FEATURES List Price: Cap Rate: Building Size: Potential =
Building Size: Lot Size: Total Units: Potential Total Units: Parking: PROPE=
RTY FEATURES $2,325,000 3.5% 1,610 Sq.Ft. +/-3,010 Sq.Ft. 6,204 Sq.Ft. 3 Un=
its + Rec Space 5 Units 1.5-Car Garage and 2-Car Garage Front building is a=
 fully leased triplex with good rental upside Existing 3.5% cap rate in tro=
phy Venice location with good rental upside Second building has a +/- 770 s=
quare foot room, which is currently leased at a below market rate, and two =
garage units. This building totals +/- 1,400 square feet. Opportunity to co=
nvert the second building into two ADU's, making this a 5-unit building tot=
aling +/- 3,010 square feet 2 blocks to Abbot Kinney and Venice Canals, 3 b=
locks to Venice Beach Qualifies for residential financing as a 3-unit inves=
tment property 51% upside potential with ADU conversions, no long term leas=
es Historically strong appreciation in Venice, irreplaceable beach property=
 FOR MORE INFORMATION PLEASE CONTACT: Nicole Lu Investment Sales, Consultin=
g Maher Commercial Realty 310.710.1018 Nicole@MaherCR.com BRE# 02045957 Oro=
n Maher Broker-Director, Esquire Maher Commercial Realty 310.464.1453 Oron@=
MaherCR.com BRE# 01299093 Real Estate for the Prosperity of All =C2=A92022 =
Maher Commercial Realty. Broker does not guarantee the accuracy of square f=
ootage, lot size or other information concerning the condition or features =
of property provided by seller or obtained from public records or other sou=
rces, and the buyer is advised to independently verify the accuracy of that=
 information through personal inspection and with appropriate professionals=
. Broker may or may not have an exclusive right to sell property. =E2=80=8C=
 =E2=80=8C =E2=80=8C Maher Commercial Realty | 275 S Beverly Drive, Ste 100=
, Beverly Hills, CA 90212 Unsubscribe info@sterlingcal.com Update Profile |=
 Constant Contact Data Notice Sent by oron@mahercr.com powered by Try email=
 marketing for free today!
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<div><span style="font-size: 22px;">1712 Washington Way | Venice | CA 90291</span></div>
<div><span style="font-size: 16px; color: rgb(255, 255, 255); font-family: Trebuchet MS, Verdana, Helvetica, sans-serif;">Prime Venice Beach Triplex with Potential Opportunity to Convert </span></div>
<div><span style="font-size: 16px; color: rgb(255, 255, 255); font-family: Trebuchet MS, Verdana, Helvetica, sans-serif;">&#xfeff;Storage Room and Garage to Two ADU's.</span></div>
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<div><span style="font-size: 14px; color: rgb(255, 255, 255); font-weight: bold;">Building Size</span></div>
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<div>1,610 Sq. Ft.</div>
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<div style="text-align: center;" align="center"><span style="font-weight: bold;">List Price</span></div>
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<div style="text-align: center;" align="center">$2,325,000</div>
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<div><span style="font-weight: bold;">Lot Size</span></div>
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<div>6,204</div>
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<div><span style="font-size: 14px; color: rgb(255, 255, 255); font-weight: bold;">Zoning</span></div>
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<div>RD1.5</div>
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<div style="text-align: center;" align="center">1.5-Car Garage</div>
<div style="text-align: center;" align="center">2-Car Garage</div>
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<div><span style="font-weight: bold;">Occupancy</span></div>
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<div>100%</div>
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<div><span style="font-size: 22px; text-decoration: underline;">PROPERTY DESCRIPTION</span></div>
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<div>Just a short stroll to the beach, Abbot Kinney and the Venice Canals, 1712 Washington Way is a three-unit bungalow, plus a +/- 770 SF recreation space and two garage units. The triplex is fully leased as is the back "room" offering the buyer a strong 3.5% existing cap rate, with upside in those rents. This property also offers an opportunity to convert this triplex into a five-unit building, adding an additional +/- 1,400 square feet.&#xa0;There are currently two structures on this property- The first is 1712 Washington Way is a three-unit bungalow; the second "back structure" is a +/- 770 SF room (with a permitted bathroom) and two garage units totaling +/- 1,400 square feet.&#xa0;</div>
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<div class="text-container galileo-ap-content-editor"><div><div><span style="font-size: 22px; text-decoration: underline;">PROPERTY FEATURES</span></div></div></div>
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<div style="text-align: right;" align="right"><span style="font-size: 14px;">List Price:</span></div>
<div style="text-align: right;" align="right"><span style="font-size: 14px;">Cap Rate:</span></div>
<div style="text-align: right;" align="right"><span style="font-size: 14px;">Building Size:</span></div>
<div style="text-align: right;" align="right"><span style="font-size: 14px;">Potential Building Size: </span></div>
<div style="text-align: right;" align="right"><span style="font-size: 14px;">Lot Size:</span></div>
<div style="text-align: right;" align="right"><span style="font-size: 14px;">Total Units:</span></div>
<div style="text-align: right;" align="right"><span style="font-size: 14px;">Potential Total Units: </span></div>
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<div class="text-container galileo-ap-content-editor"><div><div><span style="font-size: 22px; color: rgb(255, 255, 255); text-decoration: underline;">PROPERTY FEATURES</span></div></div></div>
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<div>$2,325,000</div>
<div>3.5%</div>
<div>1,610 Sq.Ft.</div>
<div>+/-3,010 Sq.Ft.</div>
<div>6,204 Sq.Ft.</div>
<div>3 Units + Rec Space</div>
<div>5 Units</div>
<div>1.5-Car Garage and 2-Car Garage</div>
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<ul><li>Front building is a fully leased triplex with good rental upside</li></ul>
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<ul><li>Existing 3.5% cap rate in trophy Venice location with good rental upside</li></ul>
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<ul><li>Second building has a +/- 770 square foot room, which is currently leased at a below market rate, and two garage units.&#xa0;This building totals +/- 1,400 square feet.</li></ul>
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<ul><li>Opportunity to convert the second building into two ADU's, making this a 5-unit building totaling +/- 3,010 square feet</li></ul>
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<ul><li>2 blocks to Abbot Kinney and Venice Canals, 3 blocks to Venice Beach</li></ul>
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<ul><li>Qualifies for residential financing as a 3-unit investment property</li></ul>
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<ul><li>51% upside potential with ADU conversions, no long term leases</li></ul>
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<ul><li>Historically strong appreciation in Venice, irreplaceable beach property</li></ul>
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<div class="text-container galileo-ap-content-editor"><div><div><span style="font-size: 26px; color: rgb(153, 34, 96);">FOR MORE INFORMATION PLEASE CONTACT:</span></div></div></div>
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<div><span style="color: rgb(153, 34, 96);">Nicole Lu</span></div>
<div><span style="color: rgb(153, 34, 96);">Investment Sales, Consulting</span></div>
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<div><span style="color: rgb(153, 34, 96);">Maher Commercial Realty</span></div>
<div><span style="color: rgb(153, 34, 96);">310.710.1018</span></div>
<div><span style="color: rgb(153, 34, 96);">Nicole@MaherCR.com</span></div>
<div><span style="color: rgb(153, 34, 96);">BRE# 02045957</span></div>
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<div><span style="color: rgb(153, 34, 96);">Oron Maher</span></div>
<div><span style="color: rgb(153, 34, 96);">Broker-Director, Esquire</span></div>
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<div><span style="color: rgb(153, 34, 96);">Maher Commercial Realty</span></div>
<div><span style="color: rgb(153, 34, 96);">310.464.1453</span></div>
<div><span style="color: rgb(153, 34, 96);">Oron@MaherCR.com</span></div>
<div><span style="color: rgb(153, 34, 96);">BRE# 01299093</span></div>
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<div class="text-container galileo-ap-content-editor"><div><div style="text-align: center;" align="center"><span style="color: rgb(153, 34, 96); font-weight: bold;">Real Estate for the Prosperity of All</span></div></div></div>
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<div class="text-container galileo-ap-content-editor"><div><div><span style="font-size: 8px;">&#xa9;2022 Maher Commercial Realty. Broker does not guarantee the accuracy of square footage, lot size or other information concerning the condition or features of property provided by seller or obtained from public records or other sources, and the buyer is advised to independently verify the accuracy of that information through personal inspection and with appropriate professionals. Broker may or may not have an exclusive right to sell property.</span></div></div></div>
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